Saunders v. Lanier

Robert Lanier held a note of $550 on J. T. Pitt & Co., on which B. F. Sannders and W. T. Pitt were sureties. The sureties are sued in the present case, and they claim a credit of one-half of a note of $358 executed to George J. Thompkins, trustee, under the following circumstances:

J. T. Pitt & Co., being in failing circumstances, executed a special assignment to Thompkins on a stock of goods and other personal property valued at $915.40, together with a small number of choses in action, the latter valued at about $200. The assignment preferred the debt of Lanier and also a debt of $398.53 of…